Says CBDCs are “inevitable.”
By Didi Rankovic/Reclaim the Net
Deutsche Bank Macro Strategist Marion Laboure has penned a write-up for the World Economic Forum (WEF) site, that focuses on some of the Switzerland-based informal group’s favorite talking (and policy) points: CBDCs, and the ultimate demise of cash.
Laboure singles out Sweden, Brazil, and China as those countries that have made particular strides in moving toward digitized versions of central bank-issued currencies (CBDCs) – a centralized model favored by government and economic elites – not to be confused with decentralized cryptocurrencies.
In fact, such is the enthusiasm that the Deutsche Bank official sees the future dominance of CBDCs, taking over at the expense of cash as something “inevitable.”
The pandemic is “credited” with expediting matters on this front, particularly in Sweden, while the rate at which governments seem to be moving in the CBDC direction is either alarming, or impressive, depending on how you view the trend: the article mentions that 90% of central banks around the world are now in the process of creating and/or trialing one, while that number has double in only one year.
PERCEPTION RESET 